First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Stock Short Interest Falls 68.0%

First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,098 shares, a decline of 68.0% from the September 30th total of 3,427 shares. Based on an average daily volume of 29,548 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Active Factor Small Cap ETF Price Performance

Shares of First Trust Active Factor Small Cap ETF stock traded up $0.21 on Thursday, hitting $40.20. The company had a trading volume of 17,378 shares, compared to its average volume of 17,737. The business has a 50-day simple moving average of $39.91 and a 200-day simple moving average of $37.56. The company has a market cap of $134.67 million, a PE ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 52 week low of $30.74 and a 52 week high of $41.63.

Hedge Funds Weigh In On First Trust Active Factor Small Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. James J. Burns & Company LLC increased its position in First Trust Active Factor Small Cap ETF by 1.3% during the third quarter. James J. Burns & Company LLC now owns 564,852 shares of the company’s stock worth $22,137,000 after buying an additional 7,349 shares during the last quarter. MGO One Seven LLC lifted its position in shares of First Trust Active Factor Small Cap ETF by 19.5% in the third quarter. MGO One Seven LLC now owns 95,667 shares of the company’s stock worth $3,749,000 after buying an additional 15,580 shares during the last quarter. Ethos Financial Group LLC lifted its position in shares of First Trust Active Factor Small Cap ETF by 10.2% in the first quarter. Ethos Financial Group LLC now owns 45,344 shares of the company’s stock worth $1,490,000 after buying an additional 4,213 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of First Trust Active Factor Small Cap ETF by 4.6% during the 1st quarter. Kestra Advisory Services LLC now owns 28,109 shares of the company’s stock worth $924,000 after acquiring an additional 1,246 shares in the last quarter. Finally, World Equity Group Inc. increased its holdings in shares of First Trust Active Factor Small Cap ETF by 5.6% during the 2nd quarter. World Equity Group Inc. now owns 10,873 shares of the company’s stock valued at $447,000 after acquiring an additional 581 shares during the last quarter.

First Trust Active Factor Small Cap ETF Company Profile

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.